Re: Teck shares now back to where they started prior to Glencore offer: Pressure is on
posted on
Oct 27, 2023 10:27AM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
As of the recent late October presentation....
we have 1.4 million left after a recent PP!
They raised close to 1.9 million!!
So within 1 month.....500k already spent! Gone! Mind blown.
This remaining money needs to go towards updating the new economics which includes-
new resource estimate
new mine plan
Revised pea
Lets hope it's enough money to get all the above completed and sold! No chance we could use the remaining 1.4m funds for other projects or objectives other than updating SC!
Where did $500,000 go within 1 month??!!!